METAIRIE, La., Nov. 9, 2007 (PRIME NEWSWIRE) -- The Law Offices of Eric J. O'Bell, LLC ("O'Bell") announces that it is commencing an investigation into Leap Wireless International, Inc. ("LEAP" or the "Company") (Nasdaq:LEAP) to determine whether it has violated federal securities laws by issuing materially false and misleading statements to shareholders.
LEAP reported on Friday it will restate results from 2004 to the second quarter of 2007 after making errors in reporting revenues and operating expenses. LEAP shares have dropped over 30% to a mid-day range of approximately $40.00 per share.
If you are a LEAP shareholder, and/or have information that would assist in this ongoing investigation, or have other questions relating any loss you've suffered in your investment, you may e-mail or call Eric J. O'Bell directly without obligation or cost to you at 504-456-8677, 504-616-9400 (cell) after hours, or by email at ejo@obelllawfirm.com.